Singapore Bourse Expected To Extend Winning Streak

RTTNews | 948 gün önce
Singapore Bourse Expected To Extend Winning Streak

(RTTNews) - The Singapore stock market has finished higher in four straight sessions, collecting more than 90 points or 3 percent along the way. The Straits Times Index now rests just beneath the 3,060-point plateau and it's tipped to open in the green again on Monday.

The global forecast for the Asian markets is upbeat, fueled by solid earnings news among technology shares. The European markets were mixed and the U.S. bourses were sharply higher and the Asian markets are also tipped to open in the green.

The STI finished sharply higher on Friday following gains from the financial shares and mixed performances from the property stocks and industrials.

For the day, the index jumped 43.95 points or 1.46 percent to finish at 3,059.19 after trading between 3,025.93 and 3,071.38. Volume was 1.9 billion shares worth 1.6 billion Singapore dollars. There were 271 decliners and 247 gainers.

Among the actives, Ascendas REIT added 0.38 percent, while CapitaLand Integrated Commercial Trust tumbled 1.56 percent, CapitaLand Investment plunged 3.19 percent, City Developments and Hongkong Land both dipped 0.26 percent, DBS Group spiked 2.96 percent, Emperador retreated 1.02 percent, Genting Singapore lost 0.63 percent, Keppel Corp surged 4.66 percent, Mapletree Pan Asia Commercial Trust climbed 0.60 percent, Mapletree Industrial Trust skidded 0.89 percent, Mapletree Logistics Trust sank 0.65 percent, Oversea-Chinese Banking Corporation jumped 1.78 percent, SATS declined 1.52 percent, SembCorp Industries rose 0.35 percent, SingTel rallied 1.66 percent, United Overseas Bank soared 4.00 percent, Wilmar International fell 0.55 percent, Yangzijiang Financial plummeted 4.41 percent, Yangzijiang Shipbuilding tanked 2.42 percent and Singapore Technologies Engineering, Thai Beverage, Comfort DelGro and UOL Group were unchanged.

The lead from Wall Street is broadly positive as the major averages opened slightly higher on Friday but accelerated throughout the day, ending near session highs.

The Dow surged 828.50 points or 2.59 percent to finish at 32,861.80, while the NASDAQ soared 309.75 points or 2.87 percent to end at 11,102.45 and the S&P 500 jumped 93.76 points or 2.46 percent to close at 3,901.06.

For the week, the Dow spiked 5.7 percent, the S&P 500 jumped 4.0 percent and the NASDAQ rallied 2.2 percent.

Traders reacted positively to strong earnings news from the likes of semiconductor giant Intel (INTC), Apple (AAPL) and energy giant Exxon Mobil (XOM).

Buying interest may also have been generated by a Commerce Department report showing core consumer price growth accelerated less than expected in September - which may encourage the Federal Reserve to slow the pace of its interest rate hikes.

Oil prices drifted lower on Friday as worries about the outlook for energy demand resurfaced due to increased Covid-19 restrictions in parts of China. West Texas Intermediate Crude oil futures for December slumped $1.18 or 1.3 percent at $87.90 a barrel. WTI crude futures gained more than 3 percent in the week.

read more
UK Construction Sector Downturn Softens In May

UK Construction Sector Downturn Softens In May

The UK construction sector contracted at a slower pace in May as the fall in new orders hit the slowest in four months, survey data from S&P Global showed on Thursday. The construction Purchasing Managers' Index posted 47.9 in May, up from 46.6 in April. The indicator suggested the slowest reduction in output volumes since January.
RTTNews | 50 dakika önce
MongoDB Shares Gain On Narrower Q1 Loss, FY26 Outlook Revision, $800 Mln Buyback

MongoDB Shares Gain On Narrower Q1 Loss, FY26 Outlook Revision, $800 Mln Buyback

Shares of MongoDB, Inc. gained around 15 percent in the extended trading on Wednesday, and is currently 15 percent higher in the pre-market activity on the Nasdaq, after the database software company lifted its fiscal 2026 outlook after reporting narrower net loss in its first quarter with higher revenues. The company also issued second -quarter outlook and announced a share buyback program...
RTTNews | 1s 32 dakika önce
Asian Shares Mixed As Investors Await US Jobs Data

Asian Shares Mixed As Investors Await US Jobs Data

Asian stocks ended mixed on Thursday as investors digested a pair of disappointing reports on the U.S. economy and looked ahead to key non-farm payrolls data on Friday for direction.
RTTNews | 1s 34 dakika önce
European Shares Seen Little Changed At Open

European Shares Seen Little Changed At Open

European stocks are seen opening narrowly mixed on Thursday as investors look ahead to the European Central Bank's monetary policy announcement later in the day.
RTTNews | 4s 37 dakika önce
Sensex, Nifty Open Higher Ahead Of RBI Meet

Sensex, Nifty Open Higher Ahead Of RBI Meet

Indian shares traded higher on Thursday as weak U.S. economic data reinforced speculation that the Federal Reserve will cut interest rates at least twice this year.
RTTNews | 5s 54 dakika önce
European Economic News Preview: ECB To Cut Interest Rates

European Economic News Preview: ECB To Cut Interest Rates

The European Central Bank is widely expected to cut its interest rates on Thursday after inflation fell below the 2 percent target in May. Markets expect the bank to lower the deposit rate by another 25 basis points to 2.00 percent. The bank has reduced the policy rates by a quarter points each in every rate-setting session since September.
RTTNews | 6s 7 dakika önce
Australian Market Slips To Slight Losses In Mid-market

Australian Market Slips To Slight Losses In Mid-market

The Australian market is slipping to slight losses in mid-market moves on Thursday after opening in the green, reversing some of the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,550 level, with by weakness in energy and financial stocks partially offset gains in iron ore miners and some technology stocks.
RTTNews | 6s 47 dakika önce